Morgan Stanley’s CEO Ted Pick stated that the bank is looking into how it could offer crypto-services in the US, and will engage regulators after the review has been completed.
During an appearance on CNBC’s Squawk Box on Jan. 23, Pick said that Morgan Stanley’s equation is understanding how to act as crypto transactors while being a “highly regulated financial institution.”
Then he added:
“There we will be working with the [US] Treasury and the other regulators to figure out how we can offer that in a safe way.”
Pick also said that time is a new market’s friend, as perception becomes reality proportionally to the time spent on trading in it.
Pick noted the liquidity expressed itself as a result of recent memecoin trading, which was centered around President Donald Trump. “all kinds of different ways.”
The following are some of the ways to get in touch with each other Latest Report Chainalysis noted that Official Trump Meme (TRUMP), and Melania meme (MELANIA), memecoins, could attract new retail cash.
About 50% of TRUMP/MELANIA users had never before purchased altcoins from Solana, and almost half created wallets when they bought their memecoins.
Confirmation of reports
Morgan Stanley’s crypto subsidiary, E-Trade, is reportedly preparing to launch spot crypto trading services for its clients amid Anticipation of favorable crypto-scape under Trump’s administration.
Pick said in an interview that there are complications when offering cryptocurrency to a financial institution. E-Trade needs approval from the Federal Reserve and other key regulators. Morgan Stanley, which is linked to Etrade, would also need their consent.
TradFi has also shown increasing interest in crypto trading, and many institutions have explored potential services. Charles Schwab is the US’s largest publicly-traded brokerage.
Rick Wurster, CEO of Charles Schwab, recently stated that the company is Explore the Possibility You can consider entering the crypto spot market when regulatory conditions are improved in the US.
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